Featured Brokers
CONFIDENTIAL SALE
FOR SALE
14/03/24
608209
155586 / Rightbiz
The company is a trade butchers supplying high-quality meat, poultry and game to the events, hospitality, education and care sectors, with a dedicated e-commerce site set up to cater to the general public.
Operating across South East England, the company has built up an extensive client base, with long-standing relationships with several prestigious restaurants and private schools. It also has an excellent position within the events industry and has relationships with circa 95% of all banqueting and wedding venues in its operational area.
The company is being offered for sale to facilitate the shareholder’s retirement.
Offers invited
Key Highlights
- Sells premium products at competitive prices, utilising relationships with approved suppliers to ensure that it is providing the finest cuts of meat with full product traceability.
- Caters to over 170 wholesale customers in a diverse range of industries, benefitting from high volumes of regular repeat business, with some relationships spanning 28 years.
- Experienced second-tier management team in place.
- Operates from leasehold premises.
- The recent development of a second factory unit offers opportunities for further growth, with scope to attract new clients in the education and hospitality sectors.
Financial Highlights
- YE23 turnover of £4.7m.
- Adjusted EBITDA of £405k achieved in the same year.
- Approximately 20% of revenue generated from contracts, with the remainder also secure due to the strength of the client relationships.
- Scope to add up to to £850k per annum to the company’s turnover in 2024.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
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